JPM

J.P. Morgan Asset Management has named Simon Crinage as the new head of its investment trust business, following the departure of David Barron earlier this year.

J.P. Morgan is proposing to alter the income mandate on its £96m European investment trust, in a move which would see it sell out of the UK and focus on continental Europe.

J.P. Morgan Asset Management's Austin Forey and his new co-manager Leon Eidelman are looking to add a mid-cap slant to their £1.1bn Emerging Markets fund to give performance a boost.

Andrew Sykes, head of business development for J.P. Morgan's Middle East and North African business, has left the firm.

2012 was a mixed year for markets, with developed market equities recovering from a summer sell-off to make marginal gains, while some segments of the property and bond markets outperformed.

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JAPAN

ON JAPAN

Shares in JPMorgan Chase slid even further today with a 8.5% drop in early trading on Wall Street, following a surprise $2bn derivatives trading loss.

J.P. Morgan's head of intermediary sales, Jasper Berens, has been appointed head of UK retail in a restructure of the group's retail arm.